McDonald's Stock Has Pulled Back From Its Highs. Is It a Buying Opportunity?
Over 70 million people still visit a McDonald's every day, yet the fast-food giant's stock is at a 52-week low.
Overview
McDonald's (NYSE: MCD) recent sell-off looks more like a buying opportunity than a reason to avoid the stock. As of Sept. 28, shares were at a 52-week low, down about 31% from the high of $341.75 they hit this spring.
The near term could stay bumpy as the business navigates a weak macroeconomic backdrop and searches for ways to reignite sluggish sales growth. But with the stock now trading at a modest price-to-earnings discount and offering a generous dividend yield, investors who buy in today could see solid returns.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.